From a purely moral standpoint, I think refusing to pay inactive addresses is wrong. It's due payment for past work, it shouldn't be pushed back indefinitely. No, this is dealing with Extra Credit (EC), not unpaid rewards. Wait.. do I detect a certain sense of magnanimity in your attitude to this 'Extra Credit'? Let's not forget that this EC is required to bring the earnings of this pool up to rough equivalency with other pools. It's surely part of the 'reward' - just shifted in time to even out the luck. I hope that merely by time-shifting it and terming it as 'Extra Credit' that there is not somehow a perceived lesser moral duty to pay it out?? (when (if!?) the overall pool luck eventually provides the necessary funds that is) |
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Video from the Assembly Summer 2012 seminar in Finland. "Assembly is a four day computer festival, in which thousands of people and their computers spend the long weekend by meeting friends, playing games, surfing on the net, talking on IRC and enjoying the great productions from the demoscene." |
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One of Eligius's advantages is that you can create separate little stashes of 'virgin' coins. I would have thought this an appealing point of differentiation for Eligius against other pools.
If you have to mine to a single address and then transfer coins on the blockchain - you tie these stashes together in the public record.
It wouldn't bother me if payout to inactive addresses was low precedence and slow.. but it should be automatic and complete.
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Digital wallets wave in new era Smartphone technology seeks to revolutionise the way that we live and pay. Elisabeth Sexton 2012-08-03 http://www.smh.com.au/business/digital-wallets-wave-in-new-era-20120803-23l0f.html... Barr says new online currencies, such as Facebook credits or Bitcoin, had not delivered on their touted potential. ''There's lots of innovation and there certainly are some of these alternative solutions that will claim to be lower cost, but it looks like they are also lower value and don't necessarily improve customer convenience,'' he says. ... |
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So under CPPSBAM, every time I point my miners to a new eligius address... my old address will effectively be an 'inactive miner' and although the EC credit is there - it's effectively lost to me unless I point some hashing power there again??
Is everyone else just using a single payout address?
Hope I've misunderstood... not liking the way the vote is going.
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TechSNAP no longer has a regular section on bitcoin - but here they respond to a viewer's email about Bitcoin. |
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What can you buy with bitcoins? Kathy Jennings 2012-08-02 http://swmichigan.secondwavemedia.com/features/bitcoin0802.aspx... Disruptive technology is a phrase often overused these days, but Bitcoins fits the definition. PayPal, Western Union and credit card companies all stand to lose if Bicoins move into the mainstream. ... |
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bringing with it all the associated problems of money hoarding, deflation and depression historically associated with fixed currencies” Fail, so much fail To be explicit about some of this fail... it never ceases to amaze me that the people trot out the 'deflation/depression' "problem" apparently without considering what that implies. It suggests they are worried about the scenario where Bitcoin is the main currency of entire nations or even the globe. Really? Their main criticism of Bitcoin is that they think it could be so wildly successful that the 'money supply' will be threatened by its deflationary nature? To be clear - Due to divisibility, I'm not convinced it would be a problem even if Bitcoin was the primary currency, but people comparing Bitcoin's deflation to historical deflation/depression scenarios seems to be treating Bitcoin as a replacement currency set to dominate the world rather than just another currency or commodity amongst many. |
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Australian cops tout arrest of man for Bitcoin drug deal Tor-based marketplace Silk Road apparently didn't protect suspect's anonymity. Timothy B. Lee 2012-07-27 http://arstechnica.com/tech-policy/2012/07/australian-cops-tout-arrest-of-man-for-bitcoin-drug-deal/... The incident highlights Bitcoin's role as the currency of choice for activities at the fringes of society. Last month we noted that in addition to its use in drug markets, Bitcoin has also proven a popular currency for pornography and gambling. |
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I don't understand how any bitcoins can have collectability without safe transferrability.
Unfortunately - the only safe way to confirm you are the *sole* holder of a particular private key is to perform a transaction on the blockchain to a new private key... thus ruining the collectible nature of the coins.. right?
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*There were no Australian arrests, however the indictment pointed to funds funnelled through that operation that were sourced from Australia via Western Union.*
Ladies and gentlemen, this is how you get arrested!
That's one incident involving the DEA.. however the linked media release states: The warning follows the recent arrest of a Melbourne man who allegedly imported narcotics into Australia via Silk Road. The man was charged with 10 offences relating to the importation, trafficking and possession of narcotics and prohibited weapons.
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If the arrest of a Melbourne Silk Road user claimed here ( http://www.afp.gov.au/media-centre/news/afp/2012/july/afp-and-Customs-warn-users-of-silk-road.aspx) is true, then it looks like some of those 'new users' are from Law Enforcement. I wonder how they took this guy down.. I would have thought police would try to operate a merchant account, although it's not clear to me how they would maintain a good rep for any length of time, without either shipping lots of drugs - or following up on every shipment to catch all buyers and force them to put in a positive report. |
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It was only a matter of time before one of the many 'investment schemes' in the bitcoin community got some regulator's attention. Judging by the machine translation, this report fails to distinguish between Bitcoin - and the scheme run by 'Leandro César' (bitcointalk username) Leandro's response is quite enlightening: http://www.bitcoinbrasil.com.br/?p=464He makes a fair point about the investments and returns all being in BTC - so it is a little strange that the CVM should see this as falling within their jurisdiction - unless they have determined that bitcoin is a 'currency' ? Also regarding jurisdiction - the offers were made on a non-Brazilian website, in portuguese, not aimed specifically at Brazilians. Perhaps this is undesirable attention for bitcoin - but an interesting case for sure. |
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